Released on: July 4, 2008, 8:14 am

Press Release Author: SARAH CHASE

Industry: Transportation & Logistics

Press Release Summary: Today, Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu
Ashida) announced the completion of the 300,000-dwt class iron ore carrier Nova Era
("new era" in Portuguese), at the Universal Shipbuilding Corporation Ariake
Shipyard. MOL will operate the new vessel.

Press Release Body: LONDON, 4 July 2008 ― Today, Mitsui O.S.K. Lines, Ltd.
(MOL, President: Akimitsu Ashida) announced the completion of the 300,000-dwt class
iron ore carrier Nova Era ("new era" in Portuguese), at the Universal Shipbuilding
Corporation Ariake Shipyard. MOL will operate the new vessel.

On hand for the naming and delivery ceremony were JEF Holdings, Inc. President and
CEO Fumio Sudo, Universal Shipbuilding President Shinjiro Mishima, and many other
guests. President Sudo named the ship and his wife Haruko did the rope-cutting
honours.

The Nova Era will sail under a long-term contract with JFE Steel Corporation,
transporting iron ore mainly from Brazil to Villanueva in the Philippines, a port
exclusively for JFE Steel's sintered ore production subsidiary Philippine Sinter
Corporation. This is now MOL's second 300,000-dwt class iron ore carrier.

Three more vessels in the same class will be completed in rapid succession. MOL will
have five of these carriers in service by August 2009, meeting rising worldwide
demand for transport of iron ore.

Profile of Nova Era
Length: 327.00m
Width: 55m
Draft: 21.40m
Deadweight tonnage: 297,442 tons
Speed: 14.30 knots
Flag: Liberia


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NOTES TO EDITORS:

MOL is one of the world's largest multi-modal transport companies, operating more
than 800 vessels and employing a workforce in excess of 8,600 worldwide. MOL
operates one of the largest and most diverse networks of liner and logistics
services around the globe, including weekly Transpacific, Transatlantic, Americas
and Asia-Europe services. Please visit the company's website at www.MOLpower.com

Sarah A. Chase
Head of PR

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Web Site: http://www.MOLpower.com

Contact Details: tel +44 (0)20 7689 9009
fax +44 (0)20 7689 8008
pr@imageline.co.uk
www.imageline.co.uk
www ilexhibitions.co.uk
Image Line Communications Ltd 1A Zetland House, 5-25 Scrutton Street, London EC2A 4HJ